Energizer Holdings, Inc., together with its subsidiaries, manufactures, markets, and distributes household batteries, specialty batteries, and lighting products worldwide. It offers lithium, alkaline, carbon zinc, nickel metal hydride, zinc air, and silver oxide batteries under the Energizer and Eveready brands, as well as primary, rechargeable, specialty, and hearing aid batteries. The company also provides headlights, lanterns, and children's and area lights, as well as flash lights under the Energizer, Eveready, Rayovac, Hard Case, Dolphin, Varta, and WeatherReady brands. In addition, it licenses the Energizer and Eveready brands to companies developing consumer solutions in gaming, automotive batteries, portable power for critical devices, LED light bulbs, generators, power tools, household light bulbs, and other lighting products. Further, the company designs and markets automotive fragrance and appearance products, including protectants, wipes, tire and wheel care products, glass cleaners, leather care products, air fresheners, and washes to clean, shine, refresh, and protect interior and exterior automobile surfaces under the brand names of Armor All, Nu Finish, Refresh Your Car!, LEXOL, Eagle One, California Scents, Driven, and Bahama & Co; STP branded fuel and oil additives, functional fluids, and other performance chemical products; and do-it-yourself automotive air conditioning recharge products under the A/C PRO brand name, as well as other refrigerant and recharge kits, sealants, and accessories. It sells its products through direct sales force, distributors, and wholesalers; and through various retail and business-to-business channels, including mass merchandisers, club, electronics, food, home improvement, dollar store, auto, drug, hardware, e-commerce, convenience, sporting goods, hobby/craft, office, industrial, medical, and catalog. Energizer Holdings, Inc. was incorporated in 2015 and is headquartered in Saint Louis, Missouri.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on ENR shares. Morgan Stanley downgraded Energizer from an "overweight" rating to an "equal weight" rating and set a $35.00 target price on the stock. in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on Energizer from $33.00 to $32.00 in a research report on Tuesday, August 9th. Barclays decreased their target price on Energizer from $38.00 to $36.00 and set an "overweight" rating on the stock in a research report on Wednesday. Finally, Citigroup lifted their target price on Energizer from $32.00 to $36.00 in a research report on Tuesday, May 10th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Energizer presently has a consensus rating of "Hold" and a consensus target price of $36.00.
Energizer Stock Up 1.5 %
NYSE:ENR opened at $32.32 on Friday. The company has a current ratio of 2.12, a quick ratio of 1.00 and a debt-to-equity ratio of 7.09. The stock's 50 day moving average is $28.92 and its two-hundred day moving average is $30.82. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 10.88 and a beta of 0.98. Energizer has a 1-year low of $25.17 and a 1-year high of $41.62.
Energizer (NYSE:ENR - Get Rating) last released its quarterly earnings data on Monday, August 8th. The company reported $0.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.76 by $0.01. The company had revenue of $728.00 million for the quarter, compared to the consensus estimate of $747.47 million. Energizer had a return on equity of 51.08% and a net margin of 7.09%. The company's quarterly revenue was up .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 earnings per share. Equities analysts forecast that Energizer will post 3.05 earnings per share for the current fiscal year.
Energizer Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Monday, August 22nd. Energizer's payout ratio is currently 40.40%.